Lease Options: The Only Realistic “Option” for Tenant Buyers
A recent survey has taken Reading as an example of a problem being felt by first time buyers across the UK – income not keeping up with property prices. A recent report by the National Housing Federation showed that in 2009 Reading houses prices were almost nine times the average income and the survey in 2010 confirmed [...]
Hard to get finance- LET’S ASSISTED SALE !
The harder it is to deal with the banks, the more creative we become !! Introducing the creative,the wonderful, the beautiful: Assisted Sale Scheme !!! Okay, enough with the hype. So what is an Assisted Sale ? Here ‘s an example: A vendor has a property with a mortgage of, say, 100k on it. It is [...]
Calling all buyers (and sellers) !!
Now is a great time to buy property, what with relatively low mortgage rates and purchase prices still much less than a few years ago. But many buyers, especially first time buyers, have problems, for example:- They are not confident in navigating the property market. .They don’t have a good credit rating, to be able [...]
Why a Lease Option can be Plan A.
An investor today told me that that options are really only a good plan B. That really got me thinking about this topic and so let me state here why I disagree. The first thing to say is that who is the Plan B for – the vendor or for the buyer? The Vendor: I [...]
New lease options- more profitable, safer, more tax efficient,…
A revolution is happening The revolutionists: Shimon Rudich, Paremdeep Vadesha, Hanif Khan, Richard Shepherd, Phil Martin. Location: Nationwide When: Starting October 2009. The legacy will remain. Lease Options are changing - forever. The revolutionists have created a new lease option system. One which is more profitable, more tax efficient, and safer. Others ignored (and still do) the problems of the [...]
Landlords jailed …..
We always like to give our cleint Landlords more than other Solicitors. We are investors too so know (all too well!!!) the trials and tribulations of landlording. You work darn hard so don’t throw away your hard work by making simple easy mistakes. In 2007 a Landlord was sentenced to 2 years imprisonment when a [...]
Lease Options – we have lift off !!
We can report a huge increase in Lease Option deals over the last few months. Investors are now firmly grasping the concepts involved and are gathering the experience and know how to structure there deals. The marketing has obviously developed and all parts of the jigsaw are starting to come together. The growth is month [...]
Best Lease Option Deal Yet??
Hot on the heels of our reporting the 24 hour lease option story http://ms-law.co.uk/blog/2009/08/16/lease-option-timescales/ we now possibly have the biggest lease option deal yet which is nearing completion. The deal involves the acquisition of an entire block of flats, 9 in total. Our client is entering into a commercial lease of the entire block with [...]
HUNGRY FOR A SANDWICH (OPTION)
We have a conference with a barrister in London who we have instructed and who will work with us to take forward and progress the Lease Options and, in particular, sandwich options. The barrister has an outstanding CV in this area of law and we are really looking forward to working with him. We have [...]
Lease Option timescales
A question we at M S Law are frequently asked is how long does it take to do a Lease Option? Salesmen will tell you a minute, an hour or over a coffee ! We have done a Lease Option in 48 hours but we have attached a chronology of events in a typical transaction where [...]
